Life Clips Subsidiary Belfrics Lists Belrium On LBank Exchange

Rhea-AI Summary

Life Clips (OTC Pink: LCLP) announced the launch of Belfrics Belrium on the LBank exchange, paired with USDT. LBank, a leading digital asset exchange with over 4.8 million users and $1 billion in daily trading volume, aims to enhance Belfrics Belrium's adoption, particularly in the Chinese market. The listing is expected to stabilize pricing and promote long-term growth. Key dates include deposit on December 2, trading commencement on December 3, and withdrawals starting December 4.

Positive

• Listing on LBank, a top exchange, enhances visibility and adoption for Belfrics Belrium.
• High daily trading volume on LBank could stabilize prices and support long-term growth.

Negative

• None.

Belfrics Belrium has launched on the LBank exchange today, paired with USDT

AVENTURA, Fla., Nov. 29, 2021 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the “Company”), announced today Belfrics Belrium has launched on the LBank exchange today, paired with USDT. LBank claims to be one of the Top10 digital asset exchange in the world with over 4.8 million registered users and an average daily trading volume that has reached 1 billion US dollars. The Belfrics Belrium Team hopes that this will complement other exchange launches to date with a future focus specifically on Tier 1 and Tier 2 exchange.

The listing on LBank will enhance the adoption of Belfrics Belrium in the Chinese market, increasing brand recognition in the region. As previously mentioned, the exchange has a high daily trading volume that should help to bolster continued interest and investment in Belfrics Belrium. The increased volume of trades resulting from the listing is likely to further contribute to price floor stability and stable long-term growth.

Belrium listing on the LBank Exchange will go live according to the following schedule:

• Announcement time: Nov 29th 4pm UTC+8
• Deposit time: 2nd Dec 4pm UTC+8
• Trading start: 3rd Dec 10pm UTC+8
• Withdrawal time: 4th Dec 4pm UTC+8

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Us

Life Clips is the parent company of Belfrics Global and Cognitive Apps Software Solutions Inc. Belfrics Global is a Malaysian based blockchain provider and cryptocurrency exchange and platform that is licensed and regulated by Labuan Financial Services Authority (LFSA), Malaysia. With 10 operational offices in 8 countries, Belfrics’ multi-feature trading platform offers digital assets, cryptocurrencies, and crypto derivative contracts to its clients. Belfrics blockchain has been recognized by Gartner as being a top 10 blockchain in terms of real-world projects and has received a patent for its Belrium KYC verification System (BKVS) by the Nigerian patent authority. Cognitive Apps is disrupting the space of mental health with its speech-based, AI-powered mental health analytics platform that empowers businesses to measure, understand, and improve the mental well-being of their employees, patients, and customers. Aiki delivers CBT and IPT therapies using a chatbot which and includes the Yuru voice analysis solution that takes in other health data from Apple and Google HealthKit to make a more accurate analysis of one’s mental health. Aiki was developed to capitalize on the trend towards artificial intelligence platforms utilized by employers to raise awareness of employees’ mental health. Cognitive Apps’ Yuru is a 3-in-1 tool developed by a team of licensed psychotherapists that makes use of vocal biomarkers to screen for early signs of mental health conditions, such as stress and depression. Yuru is available on Apple‘s App Store.

For more information on Life Clips visit www.lifeclips.com

For more information on Belfrics Global visit www.belfricsgroup.com

For more information on Cognitive Apps Software Solutions visit https://cogapps.com

Forward-Looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Company’s research, manufacturing and other development efforts; (ii) the Company’s ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Company’s products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Company’s industry and introduction of competing products; (vi) the Company’s ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the government and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law.

For Media and Investor Relations, please contact:

David L. Kugelman
(866) 692-6847 Toll Free - U.S. & Canada
(404) 281-8556 Mobile and WhatsApp
dk@atlcp.com
Skype: kugsusa
https://www.linkedin.com/in/davidkugelman/

FAQ

What is the significance of LCLP's Belfrics Belrium listing on LBank?

The listing enhances visibility and adoption in the cryptocurrency market, particularly in China.

When does trading for Belfrics Belrium start on LBank?

Trading for Belfrics Belrium on LBank starts on December 3, 2021.

How many users does LBank have?

LBank has over 4.8 million registered users.

What is the expected impact of the Belfrics Belrium listing on its price stability?

The increased trading volume is likely to contribute to price floor stability and long-term growth.